Cyprus, the original island of love, is a tourist magnet for her beautiful beaches and world heritage status. Besides having a great sunny climate, Cyprus is offering a very conducive business environment for all investors, businessmen and entrepreneurs. Corporate tax rate is just a low 12.5%. In additional, all profits from overseas companies are also exempt from tax. Cyprus golden visa program has been one of the more popular program among the EU countries. Low entry cost, easy, fast and no stay requirements!
Cyprus Golden Visa Program Highlights:
Fastest Route to Residency – 2 months
Lowest crime rate in EU
One visit to Cyprus once every two year
Cyprus Investment Requirements
Invest €300,000 in real estate for residency. Applicants must buy and keep their main residential home.
Applicants just need to invest €300,000 into property to gain residency. This visa will be granted within 2 months.
They will also need to show that they have an income of at least €30K/year. Add €5k for every dependent and €8K for every parent.
Applicants may include their family (dependent children up to 25 years) and will just require 1 visit every 2 years.
This visa option is one of the easiest and fastest ways to residency anywhere.
Time to Cyprus Residency
Application for Cyprus Residency will take about 2 months.
After 7 years residency, applicant may apply for citizenship.
Cyprus Stay Requirements
A visit once every 2 years.
The applicant may include their spouse, dependent children under the age of 25. May also include their parents and parents in law.
Cyprus Tax Benefits
Together with Ireland, Cyprus corporate tax is at 12.5%, one of the lowest in EU.
Of all the residency programs, Cyprus offers a very fast and simple pathway to their residency. You can have full control over your investments on real estate and there is no need for government contribution..
Unlike most of the EU golden visa programs which have to be renewed, Cyprus golden visa is a permanent residency visa, no renewals are necessary. In addition to soon being a Schengen member, Cyprus should be on your top choice when thinking which EU country to invest.